水皮杂谈 一家之言 兼听则明 偏听则暗 高手过招 点到即止 盘面消息 A股三大指数今日走势分化，截止收盘，沪指跌0.01%，收报3853.30点；深证成指涨 0.67%，收报13445.90点；创业板指涨1.58%，收报3235.76点。 沪深两市成交额达到 23711亿，较昨日放量443亿。 老水看盘 指数失真虽是老问题，但从未像当下这般严重，尤其在深 证 市场。今 天 深成指收盘上涨 0.67% ，创业板指上涨 1.58% ，沪深 300 上涨 0.6% ，指数表现看似向好，个股却惨不 忍睹。 深 证 市场内，上涨个股仅 779 家，下跌个股达 2091 家；创业板上涨个股 399 家，下跌 个股 977 家。相比之下，上证综指表现相对克制，收盘微绿，下跌个股 1587 家，上涨个股 约 680 家，大体反映了多数股票的走势。 今 天 两市成交额合计 2.37 万亿元，与昨 天 相差不大。资金层面，主力资金净流出 374 亿元，北 向 资金大单净流出 320 亿元，这与昨 天 形成鲜明对比。 近一段时间，主力资金及北 向 资金大单基本呈现盘中净流出态势。今 天 全部 5000 余家 上市 公司股价中位数为 ...

Market Overview - The three major A-share indices collectively rose today, with the Shanghai Composite Index up 0.37% closing at 3857.93 points, the Shenzhen Component Index up 0.99% at 12696.15 points, and the ChiNext Index up 2.23% at 2890.13 points. The total trading volume in the Shanghai and Shenzhen markets reached 27,983 billion, a decrease of 1,725 billion from the previous day [2][5]. Sector Performance - The semiconductor sector weakened significantly today, with a notable decline of approximately 2.23%. This was largely influenced by a sharp drop in the stock price of Cambrian (寒武纪), which fell by 6.01% to 1492 yuan per share after a clarification announcement, marking a peak drop of around 10% during the day [3][5]. - Conversely, CATL (宁德时代) surged, leading the battery and lithium sectors with a peak increase of 14%, ultimately closing up around 10% at 306 yuan per share. This performance also positively impacted the energy metals sector, which ranked second in terms of gains today [3][5]. - The insurance sector, particularly Xinhua Insurance, performed well due to strong earnings, initially hitting the limit-up before closing with a gain of 5.49%. The liquor sector also showed strength, with Kweichow Moutai and Wuliangye rising by approximately 2.5% and 3.24%, respectively [3][5]. Capital Flow - The banking and real estate sectors opened high but ultimately closed lower, with the banking sector down 0.4% and significant capital outflows observed, particularly in real estate where approximately 30 billion was withdrawn. The overall market saw a trend of more stocks declining than rising, with over 3,200 stocks down at the close [4][5][7]. - The main inflow of capital today was directed towards the battery sector, with an inflow of about 5.4 billion, followed by the liquor sector (2.1 billion), medical sector (1.3 billion), energy metals (1.2 billion), and photovoltaic sector (1 billion). However, the total outflow of capital was significantly higher, with the semiconductor sector leading the outflows at 10.2 billion [7]. Index Analysis - Despite the apparent rebound in indices, the majority of individual stocks did not follow suit, indicating a "false prosperity" in the market. The Shanghai Composite Index's rise was primarily driven by a few heavyweight stocks, with Industrial Fulian contributing 5.6 points and Kweichow Moutai contributing 2.29 points, together accounting for nearly 8 points of the index's total increase of 14.33 points [6]. - The ChiNext Index, while showing a significant rise, actually saw a decline of 0.45% in the ChiNext Composite Index, reflecting a disparity between index performance and investor sentiment [5][6]. Monthly Performance - In August, the Shanghai Composite Index rose by 7.97%, the Shenzhen Component Index by 15.32%, the ChiNext Index by 24.13%, and the Sci-Tech 50 Index by 28%. Historical trends suggest that such rapid increases in the ChiNext and Sci-Tech 50 indices may lack sustainability [8].